U.S. stock index futures rose on Tuesday, buoyed by easing fears over aggressive trade tariffs under President-elect Donald Trump and ahead of crucial inflation data releases. Dow Jones futures were up 150 points, about 0.4%, S&P 500 futures were up 30 points, about 0.5% and Nasdaq 100 futures gained about 135 points, or 0.7%. Wall […]
Dollar Falls on PPI Expectations, Pound Under Pressure
The U.S. dollar declined on Tuesday, weighed by uncertainty over President-elect Donald Trump’s monetary policy stance. However, it remained near two-year highs ahead of the release of key inflation data for the week. In early trading, the dollar index, which tracks the greenback against a basket of six other currencies, was trading about 0.4% lower […]
Outlook for the Week of January 13 – 17
Key Points to Watch Out For: U.S. CPI Likely to Stay Elevated The Federal Reserve made limited headway in curbing inflation throughout 2024, with most indicators ending the year slightly below their starting points. Policymakers aimed for a 2.0% inflation target but faced persistent price increases hovering around 3.0%. November’s CPI data showed encouraging signs […]
Shiba Inu Launches “WHY Combinator”: Boosting Web3 Innovation and BONE Functionality
Shiba Inu lead developer Shytoshi Kusama has unveiled WHY Combinator, a decentralized initiative designed to foster innovation within the memecoin ecosystem while enhancing the utility of the ecosystem’s BONE token. Shiba Inu: “WHY Combinator” to Power Memecoins In a January 11 blog update, Kusama provided details about the WHY Combinator initiative and shared updates on […]
Today’s Stocks to Watch: Nvidia, Tesla, and U.S. Steel
Key Points To Watch Out For: Nvidia (NVDA), Tesla (TSLA), MicroStrategy (MSTR): Impact of Rising Bond Yields The rally in bond yields is placing pressure on high-value technology stocks, including Nvidia and Tesla, which are seeing pre-market declines. Speculative assets such as MicroStrategy, known for its significant Bitcoin holdings, are also feeling the strain. Investors […]
U.S. Stock Futures Decline, Bank Earnings and Consumer Inflation Take Center Stage
U.S. stock index futures were lower on Monday, extending losses from last week’s sell-off following Friday’s stronger-than-expected jobs report. Investor attention is focused on earnings from major banks and key inflation data scheduled for release this week. Dow Jones futures today lost about 145 points, or 0.4%, S&P 500 futures lost about 48 points, or […]
Dollar Firms Ahead of CPI Release, Pound Struggles to Regain Ground
The U.S. dollar strengthened on Monday, remaining at elevated levels following robust U.S. payroll data, while the British pound faced continued pressure, extending recent losses. In early trading, the dollar index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.4% higher at 109.930, after reaching its highest level on […]
Daily Technical Analysis EUR/USD: Falls Below 1.0250 Amid Fed’s Potential Pause in Rate Adjustments
The EUR/USD continues its downtrend for the fifth consecutive session, trading around 1.0240. The pair appears to face persistent pressure as the U.S. dollar strengthens, buoyed by better-than-expected employment growth in the U.S. for December. U.S. Labor Market Data Bolsters the Dollar Data released on Friday by the U.S. Bureau of Labor Statistics revealed that […]
The Consumer Price Index Decoded: A Guide for Investors and Savers
The CPI, also known as the Consumer Price Index, is one of the most critical economic indicators in the market. This article explains what it is, how it is calculated, and how it affects investments. The Consumer Price Index, often abbreviated as CPI, measures the price variations of a representative basket of goods and services […]
Today’s Stocks to Watch: Moderna, Nvidia, and Plug Power
Key Points To Watch Out For: Cal-Maine Foods (CALM): Profits Boosted by Price Hike Cal-Maine Foods, the largest U.S. egg producer, saw a 4% increase in after-market trading following better-than-expected quarterly earnings. This performance was driven by elevated egg prices due to the avian flu outbreak, which significantly reduced the poultry population. The company’s resilience […]